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Anyone else feel like they're waiting for their life to begin?!

57 replies

bustinjieber · 28/07/2021 10:53

I sit here, close to turning 40 and realise I don't feel like I've ever lived my life for ME. Perhaps this is some kind of pre-turning-40 breakdown but there's so much I want to do and just don't see a way of ever being able to do it.
Without making this too long and depressing, I basically did a job I LOVED whilst studying at 6th form and went into doing that full time after leaving school. The pay was terrible and I worked ridiculously long hours (65-75 hour weeks) but I loved it nonetheless. Met my now exH when I was 19 and we quickly bought a house together, he convinced me I needed a 'proper job' so I ended up going to work for the family (my Dads) business in an office based role. I didn't mind it at first, it was a busy office with nice people and decent pay and I finally had some free time. Years passed, marriage happened, 2 kids and then divorce. This job at least was flexible and meant I can fit round the kids busy schedules/ school runs without needing too much childcare.
Gradually however over the years the business has declined, staff have left and it's now just me and my Dad left in the business. I work entirely from home and I've been left in a position where I'm keeping it going (just) but don't really feel like I know what I'm doing. I hate it but cannot see a way out. If I left my Dad would be f*ed, he has no clue on the day-to-day running of the business plus he's totally useless with money so has no savings or pensions and is mortgaged up to the eyeballs - me leaving would ruin him. Plus I have nothing real to offer another business - no qualifications to speak of. I've toyed with the idea of going back to the job I loved when I was younger but it would involve a lot of retraining which isn't cheap and would have to be on a self-employed basis and I don't have any money to fall back on while I got myself going. I have looked at retraining in another field but again can't afford the tuition fees and cost of living while studying. Between my partner and I, we manage ok every month but there isn't really anything left once everything is paid other than a few little treats or maybe enough for a day out for the kids. We don't go on holiday because we can't afford to.

I feel so down. I had so many dreams leaving school and sometimes just wonder how I got to 40 and none of those have happened. My life has just ticked away slowly and all the things I set out wanting to do have been pushed to the side. Yes, I have a house with a mortgage and a car and 2 wonderful kids, and a loving supportive partner - I almost feel guilty for having these feelings as I know there are people far worse off than me but I just feel so stuck. My life is a cycle of - I get up, my partner goes to work early. I sort kids for school then lock myself in my office all day doing a job I despise and trying to make ends meet in a business that is struggling. Then I run around trying to sort the house/ kids/ tea out (my OH does help, he's great but he also works very long hours so isn't always around). Then I go to bed. Then it starts again.

Does anyone have any advice about how to get out of a job you hate? How to retrain while still somehow earning some money?

Sorry if this sounds really muddled I just needed to let it out somewhere. I do a great job of holding everything together and pretending everything's ok IRL

OP posts:
bustinjieber · 29/07/2021 11:56

@HollowTalk
Thank you. A 3 year plan would work really well as some of our debts would be paid back by then so the amount we owe out would be smaller and my youngest child would be at high school then which means I'll have a bit more time to focus on me.
Now to decide on what the hell I want to do!

@dreamingofsun I have no idea tbh. It's a constant worry that if this all goes tits up it'll all fall on me. I've ended up just saying yes to everything trying to help everyone out over the years and now feel like a complete pushover.

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CaptainWentworth · 29/07/2021 12:06

If you are a limited company then I don’t think you can be held personally responsible as a director for any debts etc beyond the value of any investment you have put into the business. The government website has some potentially useful information about running limited companies here:

www.gov.uk/browse/business/limited-company

BuffySummersReportingforSanity · 29/07/2021 12:57

The business isn't viable. Start making a plan to wind it up.

Google the process, talk to your accountant if you have one, make a plan. Businesses fail and this one is failing. If it's properly set up, only its own assets can be used against its debts, not your personal ones.

eightlivesdown · 29/07/2021 15:25

The company structure - sole trader or limited liability - is important if (when?) the company fails. But even if its limited liability (i.e. debts owned by the company not owners), trading whilst insolvent could land the directors, i.e. you, in trouble / liable. You really need to review the business and determine if it is viable, changes can be made to make it more profitable, whether its saleable, or should be wound up and the consequences of doing so.

Even if it is viable, given your father's age it (he) can't go on forever so there needs to be a plan for what happens when that day arrives.

Really, now is the time to extricate yourself from the business, and live the life you want to live, or at least a life that's closer to it. You've done really well by your father standing by him all these years; now it's time to look after yourself. This doesn't necessarily mean walking away and dropping him in it, but informing him of your decision to leave the business talking through his options - wind it up, sell it, replace you and keep trading (I agree with others, I suspect you're overstating the fact that you're non-replaceable, but if it requires a salary higher than the business can afford it suggests the business isn't viable). His younger wife may need to step up.

bustinjieber · 29/07/2021 17:09

What classes as insolvent? We just about break even every year, although we did make a profit last year due to some extra work we had taken on.
We don't have any assets as such, no premises, cars are leased and we don't hold any stock. We have a total of about £55k in loans owing (one of which is a bounce back loan of £30k)

OP posts:
dreamingofsun · 29/07/2021 17:40

you are asking questions here that probably no-one can answer. I think for your own protection you ought to have a talk with your accountant and ask them and discuss possible options going forwards.

You can then discuss things with your father and potentially his wife. Best that you have some time to plan things properly rather than leaving it till your dad is older and possibly ill.

And you need to start looking into what other jobs you can do going forwards so that you have some time to prepare and do training etc. Looking after cows sounds like hard work to me.....not sure i would want to start doing that at 40 but whatever floats your boat.

You have time to investigate options and plan at the moment - maybe develop a 1,2 or 3 year plan

bustinjieber · 29/07/2021 17:47

@dreamingofsun honestly I'd take a life with cows any day!! But yes, you've all been very helpful and given me a starting point at least!

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